French shipping giant CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot transportation company Bolloré Group.
The two firms announced that the purchase price is €4.85 billion (US$5.25 billion), on the basis of the estimated debt and cash on the completion date.
In 2022, Bolloré Logistics achieved a turnover of €7.1 billion (US$7.7 billion), transported 710,000 TEUs of ocean freight and 390,000 tons of air freight, along with a storage capacity of 900,000 m².
This...
https://container-news.com/cma-cgm-completes-bollore-logistics-takeover/